Power Bank Market

Power Bank Market by Capacity (1,000–5,000 mAh, 5,001–10,000 mAh, 10,001–15,000 mAh, 15,001–20,000 mAh, Above 20,001 mAh), Units of USB Port, Indicator, Battery Type, Application (Smartphone, Tablet, Wearable Device), and Region - Global Forecast to 2024

Report Code: SE 3634 Oct, 2019, by marketsandmarkets.com

[194 Pages Report] The global power bank market size is estimated to grow from USD 10.7 billion in 2019 to USD 17.9 billion by 2024, at a CAGR of 10.8%. Increasing internet-related services through smartphones and tablets, the decline in the price of power banks, frequent electric outages in certain countries, and an increase in power consumption of smartphones are among the factors driving the market for power banks. The report covers the power bank industry segmented into battery type, capacity, unit of USB port, indicator, application, and geography.

Power Bank Market

The market for lithium-polymer battery segment to grow at a higher rate during the forecast period

Based on battery type, the lithium-polymer battery segment is expected to grow at a higher rate during the forecast period within the global power bank market. These lightweight power banks have an extremely low profile with the flexible form factor and do not suffer from electrolyte leakage, as well as do not wear out; this encourages manufacturers to improve their power bank offerings in terms of weight and safety.

Power bank manufacturers are continually working toward developing slim, lightweight with a flexible form factor, compact power banks. Due to these benefits, the lithium-polymer battery is being preferred over other battery types.

Power banks with capacity ranging 10,001–15,000 mAh to witness highest CAGR during the forecast period

Based on capacity, the 10,001–15,000 mAh segment of the power bank market is expected to grow at the highest rate during the forecast period. These are based mostly on lithium-ion batteries.  These power banks have high output efficiency and longer battery life, as well as have LEDs or LCDs to indicate battery level. These power banks are in high demand by consumers as they are priced reasonably than power banks with capacities of more than 15,000 mAh. These power banks are large-sized, come with a lot of additional features such as DC output ports used to recharge laptops, USB Type C ports, and Quick charge functionality.

Smartphones application to account for the largest market share during the forecast period

Smartphones are a major application market for power banks. The extensive use of data and internet services over smartphones is among the main factors that attribute to drain the battery power rapidly. This creates a huge demand for power banks to keep smartphones running for a longer duration. Smartphones are equipped with batteries having a short life, which increases the need for power banks. Thus, this creates a vast potential for power banks in the smartphone application.

Power Bank Market

APAC to dominate power bank market during the forecast period

APAC held the largest share of the power bank market in 2018. Major factors such as increasing adoption of wearables and other consumer electronic products, presence of prominent manufacturers of power banks, and increasing population and economic growth of developing countries are fueling the market growth of power banks in APAC.

Besides APAC, North America holds a significant market share. Manufacturers such as Griffin Technology (US), RAVPower (US), Zendure (US), ZeusBattery (US), Duracell (US), Belkin (US), and Zagg (mophie) (US) are based in this region.

Key Market Players

Anker Innovations (China), AUKEY (China), Xiaomi (China), ADATA (Taiwan), RAVPower (US), GRIFFIN (US), Lenovo (China), mophie (US), AMBRANE (India), INTEX (India), among others, are the major players operating in this market.

Anker Innovations is one of the prominent players in the power bank market. The company was ranked first in the market in 2018. Anker Innovations is one of the global leaders in charging technology. Anker Innovations is one of the key market players offering power bank for various end-user applications. The company researches, develops, and sells smart charging products, smart living peripheral products, mobile peripheral products, and computer peripheral products. ANKERS’s power bank is a solution to many devices, such as smartphones, tablets, digital cameras, GPS navigators, handheld gaming devices, laptops, headphones, consoles, speakers, and smartwatches. The power banks are equipped with Li-ion or Li-polymer-based batteries. These are featured with 1, 2, or more USB ports. Significant R&D capabilities enable the company to develop innovative products, which allows it to remain at the forefront of its respective businesses and differentiate its offerings in a highly competitive market. Its power banks and charging products incorporate technologies such as PowerIQ, MultiProtect, USB-C, QuickCharger, and Wireless Charging, which create product differentiation and give a fierce competition to other players in the power bank market.

Scope of the Report

Report Metric

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD)

Segments covered

Battery type, Capacity, Unit of USB Port, Indicator, Application, and Region

Geographies covered

North America, Europe, APAC, and RoW

Companies covered

Anker Innovations (China), AUKEY (China), Xiaomi (China), ADATA (Taiwan), RAVPower (US), GRIFFIN (US), Lenovo (China), mophie (US), AMBRANE (India), and INTEX (India), among other players. A total of 25 major players covered.

In this report, the power bank market has been segmented into the following categories:

By Battery Type

  • Lithium-Ion (Li-Ion) Battery
  • Lithium Polymer (Li-Polymer) Battery

By Unit of USB Port

  • 1 USB Port
  • 2 USB Ports
  • More than 2 USB Ports

By Indicator

  • LED Lighting
  • Digital Display

By Capacity

  • 1,000–5,000 mAh
  • 5,001–10,000 mAh
  • 10,001–15,000 mAh
  • 15,001–20,000 mAh
  • Above 20,001 mAh

By Application

  • Smart Phone
  • Tablet
  • Laptop
  • Portable Media Device
  • Wearable Device
  • Digital Camera
  • Others

Geographic Analysis

  • North America (US, Canada, and Mexico)
  • Europe (UK, Germany, France, and Rest of Europe)
  • Asia Pacific (China, Japan, India, and Rest of APAC)
  • Rest of the World (South America, Middle East, and Africa)

Recent Developments

  • In February 2019, Anker Innovations launched PowerCore 10,000 mAh PD power bank with dual USB ports; the power bank’s USB Type-C port delivers power up to 18 W.
  • In June 2018, the company partnered with Nintendo (Japan), a video game company, to launch power banks for providing additional playtime of 15 h to Nintendo Switch gamers.
  • In February 2017, the company launched Anker PowerCore Fusion, a new lightweight, portable battery with an inbuilt A/C pin, which is suitable for mobile charging with multiple USB ports.

Critical questions would be:

  • Will suppliers continue to explore new avenues for the market?
  • What are the adjacencies that companies can leverage or explore?
  • Is there a threat from substitute products?
  • Where will all the developments take the industry in the mid-to-long term?
  • Most suppliers adopt agreements, partnerships, contracts, and collaborations as key growth strategies (as seen from their recent developments); where will these take the industry in the mid-to-long term?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 20)
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Market Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 24)
    2.1 Research Data
           2.1.1 Secondary and Primary Research
           2.1.2 Secondary Data
                    2.1.2.1 Secondary Sources
           2.1.3 Primary Data
                    2.1.3.1 Primary Sources
                    2.1.3.2 Key Industry Insights
                    2.1.3.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 34)

4 Premium Insights (Page No. - 38)
    4.1 Attractive Growth Opportunities in Power Bank Market
    4.2 Market, By Capacity
    4.3 Market, By Battery Type
    4.4 Market, By Application
    4.5 Market in North America, By Country and Capacity

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Integration of Advanced Technology in Power Banks
                    5.2.1.2 Increase in Power Consumption of Smartphones
                    5.2.1.3 Decline in Price of Power Banks
           5.2.2 Restraints
                    5.2.2.1 Poor Quality of Power Banks
           5.2.3 Opportunities
                    5.2.3.1 Growth in the Adoption of Wearable Devices
                    5.2.3.2 Development of Solar and Hydrogen Fuel Cell-Based Power Banks
           5.2.4 Challenges
                    5.2.4.1 Complex Design Process
                    5.2.4.2 Highly Competitive Market
                    5.2.4.3 Li-Ion Batteries’ Recycling Cost
    5.3 Value Chain Analysis

6 Energy Sources of Power Banks (Page No. - 47)
    6.1 Introduction
    6.2 Electric
           6.2.1 Key Player are Integrating New Technologies in Electric Power Banks
    6.3 Solar
           6.3.1 Solar Power Banks: A Disaster Recovery Solution

7 Power Bank Market, By Capacity (Page No. - 49)
    7.1 Introduction
    7.2 1,000–5,000 mAh
           7.2.1 Compact Power Banks for Smartphones
    7.3 5,001–10,000 mAh
           7.3.1 Power Banks With Capacity Ranging 5,001–10,000 mAh Hold Highest Demand in the Market During Forecast Period
    7.4 10,001–15,000 mAh
           7.4.1 Power Banks With Capacity Ranging 10,001–15,000 mAh to have High Demand in Coming Years
    7.5 15,001–20,000 mAh
           7.5.1 Power Banks With Capacity Ranging 15,001–20,000 mAh are Equipped With Advanced Protection Technology and have Longer Battery Life
    7.6 Above 20,001 mAh
           7.6.1 Super-Fast Charging Power Bank Equipped With High-Quality Battery Cell

8 Power Bank Market, By Battery Type (Page No. - 75)
    8.1 Introduction
    8.2 Lithium-Ion Battery
           8.2.1 High Energy Density Key Advantage of Lithium-Ion Battery
    8.3 Lithium-Polymer Battery
           8.3.1 Growing Demand for Lightweight Power Banks Increases Demand for Li-Polymer Batteries

9 Power Bank Market, By Indicator (Page No. - 81)
    9.1 Introduction
    9.2 Led Lighting
           9.2.1 Led Indicator Most Adopted Type By Manufacturers
    9.3 Digital Display
           9.3.1 Power Banks With Digital Display Witness High Growth Opportunity

10 Power Bank Market, By Unit of USB Port (Page No. - 86)
     10.1 Introduction
     10.2 1 USB Port
             10.2.1 Power Banks With 1 USB Port Mostly Feature Low Battery Capacity
     10.3 2 USB Ports
             10.3.1 Power Banks With Dual USB Ports are Prefered
     10.4 More Than 2 USB Ports
             10.4.1 Usage of USB Hub Mode for Multi-Port Power Banks

11 Power Bank Market, By Application (Page No. - 92)
     11.1 Introduction
     11.2 Smartphone
             11.2.1 Smartphone Application Holds Largest Share of Market
     11.3 Tablet
             11.3.1 Power Banks are Used to Proivde Uninterruptable Power Supply for Tablets
     11.4 Laptop
             11.4.1 Power Banks Ensure Long Usage Without Interruption in Laptops
     11.5 Wearable Device
             11.5.1 Most Wearable Devices are Wireless and Portable, Requiring Continuous Supply of Power
     11.6 Digital Camera
             11.6.1 Digital Cameras Use Power Banks as External Power Source
     11.7 Portable Media Device
             11.7.1 Portable Media Players Require More Battery Life Due to Faster Data Connectivity and Subsequent Increase in Digital Content
     11.8 Others
             11.8.1 Gaming Devices, Gps Navigators, and E-Readers Require Power Banks to Reduce Dependency on Fixed Electrical Outlet

12 Geographic Analysis (Page No. - 116)
     12.1 Introduction
     12.2 North America
             12.2.1 US
                        12.2.1.1 Accounted for Largest Share for Market in North America
             12.2.2 Canada
                        12.2.2.1 Major Applications Such as Smartphones and Tablets Driving Growth of This Market
             12.2.3 Mexico
                        12.2.3.1 Mexico Expected to Be Lucrative Market for Power Banks
     12.3 Europe
             12.3.1 Germany
                        12.3.1.1 Germany Invests Extensively in R&D of Battery Production Due to Which It Holds Strong Market Value
             12.3.2 UK
                        12.3.2.1 Increasing Demand for Smart Wearable Electronics and Smartphones in This Country.
             12.3.3 France
                        12.3.3.1 France Depicts Significant Growth in Smartphone, Internet Use, and Internet-Connected Mobile Devices
             12.3.4 Rest of Europe
     12.4 APAC
             12.4.1 China
                        12.4.1.1 China has Major Presence of Power Bank Manufacturers
             12.4.2 Japan
                        12.4.2.1 Players Based in Japan Focus on Differentiating Their Products From Other Manufacturers
             12.4.3 South Korea
                        12.4.3.1 South Korea has Presence of Major Battery Manufacturers Designing Lithium Batteries for Power Banks
             12.4.4 India
                        12.4.4.1 India Presents Huge Opportunity for Market
             12.4.5 Rest of APAC
     12.5 RoW
             12.5.1 Middle East & Africa
                        12.5.1.1 Increasing Demand for Wearables and Growing Penetration of Smartphones and Tablets
             12.5.2 South America
                        12.5.2.1 South America is Among Developing Markets for Power Banks

13 Competitive Landscape (Page No. - 148)
     13.1 Overview
     13.2 Ranking Analysis, 2018
     13.3 Competitive Leadership Mapping
             13.3.1 Visionary Leaders
             13.3.2 Innovators
             13.3.3 Dynamic Differentiators
             13.3.4 Emerging Companies
     13.4 Competitive Situations and Trends
             13.4.1 Product Launches and Developments
             13.4.2 Others

14 Company Profiles (Page No. - 154)
     14.1 Key Players
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
             14.1.1 Adata
             14.1.2 Anker Innovations
             14.1.3 Aukey
             14.1.4 Xiaomi
             14.1.5 Ravpower
             14.1.6 Griffin
             14.1.7 Lenovo
             14.1.8 Mophie
             14.1.9 Ambrane
             14.1.10 Intex
* Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
     14.2 Other Companies
             14.2.1 Mycharge
             14.2.2 Omnicharge
             14.2.3 Iwalk
             14.2.4 Easyacc
             14.2.5 Duracell
             14.2.6 Sony
             14.2.7 Syska
             14.2.8 Tp-Link Techologies
             14.2.9 UIMI
             14.2.10 UNU
             14.2.11 Voltaic Systems
             14.2.12 PNY
             14.2.13 Zendure
             14.2.14 Philips
             14.2.15 Romoss

15 Appendix (Page No. - 187)
     15.1 Insights of Industry Experts
     15.2 Discussion Guide
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Available Customizations
     15.5 Related Reports
     15.6 Author Details


List of Tables (150 Tables)
 
Table 1 Market, in Terms of Value and Volume, 2017–2024
Table 2 Global Shipment of Wearable Devices, 2017–2022 (Million Units)
Table 3 Market, By Capacity, 2017–2024 (USD Billion)
Table 4 1,000–5,000 mAh Power Bank Market, By Battery Type, 2017–2024 (USD Million)
Table 5 1,000–5,000 mAh Market, By Unit of USB Port, 2017–2024 (USD Million)
Table 6 1,000–5,000 mAh Market, By Indicator, 2017–2024 (USD Million)
Table 7 1,000–5,000 mAh Market, By Application, 2017–2024 (USD Million)
Table 8 1,000–5,000 mAh Market, By Region, 2017–2024 (USD Million)
Table 9 1,000–5,000 mAh Power Bank Market in North America, By Country, 2017–2024 (USD Million)
Table 10 1,000–5,000 mAh Market in Europe, By Country, 2017–2024 (USD Million)
Table 11 1,000–5,000 mAh Market in APAC, By Country, 2017–2024 (USD Million)
Table 12 1,000–5,000 mAh Market in RoW, By Region, 2017–2024 (USD Million)
Table 13 5,001–10,000 mAh Power Bank Market, By Battery Type, 2017–2024 (USD Billion)
Table 14 5,001–10,000 mAh Market, By Unit of USB Port, 2017–2024 (USD Billion)
Table 15 5,001–10,000 mAh Market, By Indicator, 2017–2024 (USD Million)
Table 16 5,001–10,000 mAh Market, By Application, 2017–2024 (USD Million)
Table 17 5,001–10,000 mAh Power Bank Market, By Region, 2017–2024 (USD Million)
Table 18 5,001–10,000 mAh Market in North America, By Country, 2017–2024 (USD Million)
Table 19 5,001–10,000 mAh Market in Europe, By Country, 2017–2024 (USD Million)
Table 20 5,001–10,000 mAh Market in APAC, By Country, 2017–2024 (USD Million)
Table 21 5,001–10,000 mAh Market in RoW, By Region, 2017–2024 (USD Million)
Table 22 10,001–15,000 mAh Power Bank Market, By Battery Type, 2017–2024 (USD Million)
Table 23 10,001–15,000 mAh Market, By Unit of USB Port, 2017–2024 (USD Million)
Table 24 10,001–15,000 mAh Market, By Indicator, 2017–2024 (USD Million)
Table 25 10,001–15,000 mAh Market, By Application, 2017–2024 (USD Million)
Table 26 10,001–15,000 mAh Market, By Region, 2017–2024 (USD Million)
Table 27 10,001–15,000 mAh Market in North America, By Country, 2017–2024 (USD Million)
Table 28 10,001–15,000 mAh Power Bank Market in Europe, By Country, 2017–2024 (USD Million)
Table 29 10,001–15,000 mAh Market in APAC, By Country, 2017–2024 (USD Million)
Table 30 10,001–15,000 mAh Market in RoW, By Region, 2017–2024 (USD Million)
Table 31 15,001–20,000 mAh Market, By Battery Type, 2017–2024 (USD Billion)
Table 32 15,001–20,000 mAh Market, By Unit of USB Port, 2017–2024 (USD Million)
Table 33 15,001–20,000 mAh Market, By Indicator, 2017–2024 (USD Million)
Table 34 15,001–20,000 mAh Market, By Application, 2017–2024 (USD Million)
Table 35 15,001–20,000 mAh Market, By Region, 2017–2024 (USD Million)
Table 36 15,001–20,000 mAh Market in North America, By Country, 2017–2024 (USD Million)
Table 37 15,001–20,000 mAh Power Bank Market in Europe, By Country, 2017–2024 (USD Million)
Table 38 15,001–20,000 mAh Market in APAC, By Country, 2017–2024 (USD Million)
Table 39 15,001–20,000 mAh Market in RoW, By Region, 2017–2024 (USD Million)
Table 40 Above 20,001 mAh Market, By Battery Type, 2017–2024 (USD Million)
Table 41 Above 20,001 mAh Market, By Unit of USB Port, 2017–2024 (USD Million)
Table 42 Above 20,001 mAh Market, By Indicator, 2017–2024 (USD Million)
Table 43 Market With Capacity Above 20,001 mAh, By Application, 2017–2024 (USD Million)
Table 44 Above 20,001 mAh Power Bank Market, By Region, 2017–2024 (USD Million)
Table 45 Above 20,001 mAh Market in North America, By Country, 2017–2024 (USD Million)
Table 46 Above 20,001 mAh Market in Europe, By Country, 2017–2024 (USD Million)
Table 47 Above 20,001 mAh Market in APAC, By Country, 2017–2024 (USD Million)
Table 48 Above 20,001 mAh Market in RoW, By Region, 2017–2024 (USD Million)
Table 49 Market, By Battery Type, 2017–2024 (USD Billion)
Table 50 Market for Lithium-Ion Batteries, By Capacity, 2017–2024 (USD Billion)
Table 51 Market for Lithium Ion Battery Type, By Region, 2016–2024 (USD Billion)
Table 52 Market for Lithium-Polymer Batteries, By Capacity, 2017–2024 (USD Million)
Table 53 Market for Lithium-Polymer Batteries, By Region, 2016–2024 (USD Million)
Table 54 Market, By Indicator, 2017–2024 (USD Billion)
Table 55 Market With Led Indicator, By Capacity, 2017–2024 (USD Billion)
Table 56 Market With Digital Display, By Capacity, 2017–2024 (USD Million)
Table 57 Market, By Unit of USB Port, 2017–2024 (USD Billion)
Table 58 Market for Power Banks With 1 USB Port, By Capacity, 2017–2024 (USD Million)
Table 59 Market for Power Banks With 2 USB Ports, By Capacity, 2017–2024 (USD Million)
Table 60 Market for Power Banks With 2 USB Ports, By Capacity, 2017–2024 (USD Million)
Table 61 Power Bank Market, By Application, 2017–2024 (USD Million)
Table 62 Market for Smartphone Applications, By Capacity, 2017–2024 (USD Million)
Table 63 Market for Smartphone Applications, By Region, 2017–2024 (USD Million)
Table 64 Market for Smartphone Applications in North America, By Country, 2017–2024 (USD Million)
Table 65 Market for Smartphone Applications in Europe, By Country, 2017–2024 (USD Million)
Table 66 Market for Smartphone Applications in APAC, By Country, 2017–2024 (USD Million)
Table 67 Market for Smartphone Applications in RoW, By Country, 2017–2024 (USD Million)
Table 68 Market for Tablet Applications, By Capacity, 2017–2024 (USD Million)
Table 69 Market for Tablet Applications, By Region, 2017–2024 (USD Million)
Table 70 Market for Tablet Applications in North America, By Country, 2017–2024 (USD Million)
Table 71 Market for Tablet Applications in Europe, By Country, 2017–2024 (USD Million)
Table 72 Market for Tablet Applications in APAC, By Country, 2017–2024 (USD Million)
Table 73 Market for Tablet Applications in RoW, By Region, 2017–2024 (USD Million)
Table 74 Power Bank Market for Laptop Applications, By Capacity, 2017–2024 (USD Million)
Table 75 Market for Laptop Applications, By Region, 2017–2024 (USD Million)
Table 76 Market for Laptop Applications in North America, By Country, 2017–2024 (USD Million)
Table 77 Market for Laptop Applications in Europe, By Country, 2017–2024 (USD Million)
Table 78 Market for Laptop Applications in APAC, By Country, 2017–2024 (USD Million)
Table 79 Market for Laptop Applications in RoW, By Region, 2017–2024 (USD Million)
Table 80 Market for Wearable Device Applications, By Capacity, 2017–2024 (USD Million)
Table 81 Market for Wearable Device Applications, By Region, 2017–2024 (USD Million)
Table 82 Market for Wearable Device Applications in North America, By Country, 2017–2024 (USD Million)
Table 83 Market for Wearable Device Applications in Europe, By Country, 2017–2024 (USD Million)
Table 84 Market for Wearable Device Applications in APAC, By Country, 2017–2024 (USD Million)
Table 85 Market for Wearable Device Applications in RoW, By Region, 2017–2024 (USD Million)
Table 86 Power Bank Market for Digital Camera Applications, By Capacity, 2017–2024 (USD Million)
Table 87 Market for Digital Camera Applications, By Region, 2017–2024 (USD Million)
Table 88 Market for Digital Camera Applications in North America, By Country, 2017–2024 (USD Million)
Table 89 Market for Digital Camera Applications in Europe, By Country, 2017–2024 (USD Million)
Table 90 Market for Digital Camera Applications in APAC, By Country, 2017–2024 (USD Million)
Table 91 Market for Digital Camera Applications in RoW, By Region, 2017–2024 (USD Million)
Table 92 Market for Portable Media Device Applications, By Capacity, 2017–2024 (USD Million)
Table 93 Market for Portable Media Device Applications, By Region, 2017–2024 (USD Million)
Table 94 Market for Portable Media Device Applications in North America, By Country, 2017–2024 (USD Million)
Table 95 Market for Portable Media Device Applications in Europe, By Country, 2017–2024 (USD Million)
Table 96 Market for Portable Media Device Applications in APAC, By Country, 2017–2024 (USD Million)
Table 97 Market for Portable Media Device Applications in RoW, By Region, 2017–2024 (USD Million)
Table 98 Power Bank Market for Other Applications, By Capacity, 2017–2024 (USD Million)
Table 99 Market for Other Applications, By Region, 2017–2024 (USD Million)
Table 100 Market for Other Applications in North America, By Country, 2017–2024 (USD Million)
Table 101 Market for Other Applications in Europe, By Country, 2017–2024 (USD Million)
Table 102 Market for Other Applications in APAC, By Country, 2017–2024 (USD Million)
Table 103 Market for Other Applications in RoW, By Region, 2017–2024 (USD Million)
Table 104 Power Bank Market, By Region, 2017–2024 (USD Billion)
Table 105 Market in North America, By Country, 2017–2024 (USD Million)
Table 106 Market in North America, By Battery Type, 2017–2024 (USD Million)
Table 107 Market in North America, By Capacity, 2017–2024 (USD Million)
Table 108 Market in North America, By Application, 2017–2024 (USD Million)
Table 109 Power Bank Market in US, By Capacity, 2017–2024 (USD Million)
Table 110 Market in US, By Application, 2017–2024 (USD Million)
Table 111 Market in Canada, By Capacity, 2017–2024 (USD Million)
Table 112 Market in Canada, By Application, 2017–2024 (USD Million)
Table 113 Market in Mexico, By Capacity, 2017–2024 (USD Million)
Table 114 Market in Mexico, By Application, 2017–2024 (USD Million)
Table 115 Market in Europe, By Country, 2017–2024 (USD Million)
Table 116 Market in Europe, By Battery Type, 2017–2024 (USD Million)
Table 117 Market in Europe, By Capacity, 2017–2024 (USD Million)
Table 118 Market in Europe, By Application, 2017–2024 (USD Million)
Table 119 Market in Germany, By Capacity, 2017–2024 (USD Million)
Table 120 Market in Germany, By Application, 2017–2024 (USD Million)
Table 121 Market in UK, By Capacity, 2017–2024 (USD Million)
Table 122 Market in UK, By Application, 2017–2024 (USD Million)
Table 123 Market in France, By Capacity, 2017–2024 (USD Million)
Table 124 Market in France, By Application, 2017–2024 (USD Million)
Table 125 Market in RoE, By Capacity, 2017–2024 (USD Million)
Table 126 Market in RoE, By Application, 2017–2024 (USD Million)
Table 127 Power Bank Market in APAC, By Country, 2017–2024 (USD Million)
Table 128 Market in APAC, By Battery Type, 2017–2024 (USD Billion)
Table 129 Market in APAC, By Capacity, 2016–2024 (USD Million)
Table 130 Market in APAC, By Application, 2017–2024 (USD Million)
Table 131 Market in China, By Capacity, 2017–2024 (USD Million)
Table 132 Market in China, By Application, 2017–2024 (USD Million)
Table 133 Market in Japan, By Capacity, 2017–2024 (USD Million)
Table 134 Market in Japan, By Application, 2017–2024 (USD Million)
Table 135 Market in South Korea, By Capacity, 2017–2024 (USD Million)
Table 136 Market in South Korea, By Application, 2017–2024 (USD Million)
Table 137 Market in India, By Capacity, 2017–2024 (USD Million)
Table 138 Market in India, By Application, 2017–2024 (USD Million)
Table 139 Market in RoAPAC, By Country, 2017–2024 (USD Million)
Table 140 Market in RoAPAC, By Capacity, 2017–2024 (USD Million)
Table 141 Market in RoAPAC, By Application, 2017–2024 (USD Million)
Table 142 Power Bank Market in RoW, By Region, 2017–2024 (USD Million)
Table 143 Market in RoW, By Battery Type, 2017–2024 (USD Million)
Table 144 Market in RoW, By Capacity, 2016–2024 (USD Million)
Table 145 Market in RoW, By Application, 2017–2024 (USD Million)
Table 146 Market in Middle East & Africa, By Capacity, 2017–2024 (USD Million)
Table 147 Market in Middle East & Africa, By Application, 2017–2024 (USD Million)
Table 148 Market in South America, By Country, 2017–2024 (USD Million)
Table 149 Market in South America, By Capacity, 2017–2024 (USD Million)
Table 150 Market in South America, By Application, 2017–2024 (USD Million)


List of Figures (44 Figures)

Figure 1 Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Power Bank With Capacity Ranging 10,001–15,000 mAh Grow at Highest CAGR During Forecast Period
Figure 6 Market for Wearable Devices to Grow at Highest CAGR During Forecast Period
Figure 7 APAC to Hold Largest Share of Market in 2019
Figure 8 Rise in Usage of Smartphones to Create Attractive Growth Opportunities for Market Players
Figure 9 Market for Power Banks With Capacity Ranging 10,000–15,000 mAh Grow at Highest CAGR During Forecast Period
Figure 10 Lithium-Polymer Based Power Bank to Witness A Huge Demand in Coming Years
Figure 11 Smartphone Application to Hold Largest Size of Market From 2019 to 2024
Figure 12 US to Hold Largest Share of Market in North America By 2024
Figure 13 Inherent Advantages Drive Market
Figure 14 Market: Major Value Added By Manufacturers and Component Providers
Figure 15 Power Bank Market, By Energy Source
Figure 16 Key Technologies Adopted in Electric Power Banks
Figure 17 Types of Solar Panels
Figure 18 Market Segmentation, By Capacity Range
Figure 19 Power Bank With Capacity Ranging 10,001–15,000 mAh Grow at Highest CAGR During Forecast Period
Figure 20 APAC to Dominate Market for Battery Capacity Ranging 1,000–5,000 mAh During Forecast Period
Figure 21 Wearable Device Application for Power Banks With 5,001–10,000 mAh Battery Capacity to Grow at Highest CAGR During Forecast Period
Figure 22 Lithium-Ion Battery Type Power Banks to Hold Larger Share of Market for 10,001–15,000 mAh Battery Capacity By 2024
Figure 23 Power Bank With Capacity Ranging 15,001 to 20,000 mAh and With More Than 2 USB Ports to Grow at Highest CAGR During Forecast Period
Figure 24 Smartphone Application to Account for Largest Share of the Market for Power Banks With Capacity Above 20,001 mAh During Forecast Period
Figure 25 Power Bank Market, By Battery Type
Figure 26 Market for Lithium-Polymer Battery-Based Power Bank to Grow at Higher CAGR From 2019 to 2024
Figure 27 Power Bank Market, By Indicator
Figure 28 Power Bank With Digital Display to Grow at Higher CAGR From 2019 to 2024
Figure 29 Benefits of Led Lighting in Power Bank
Figure 30 Types of USB Ports
Figure 31 Market, By Unit of USB Port
Figure 32 Market for Power Banks With More Than 2 USB Ports to Grow at Highest CAGR From 2019 to 2024
Figure 33 Power Bank Market, By Application
Figure 34 Market for Wearable Devices to Grow at Highest CAGR From 2019 to 2024
Figure 35 Geographic Snapshot: India to Witness Significant Growth During Forecast Period
Figure 36 APAC Held Largest Share of Market in 2018
Figure 37 North America: Snapshot of Market
Figure 38 Europe: Snapshot of Power Bank Market
Figure 39 APAC: Snapshot of Market
Figure 40 Market: Ranking Analysis (2018)
Figure 41 Market (Global) Competitive Leadership Mapping, 2018
Figure 42 Adata: Company Snapshot
Figure 43 Xiaomi: Company Snapshot
Figure 44 Lenovo: Company Snapshot

The study involved four major activities in estimating the market size for power banks. Exhaustive secondary research has been conducted to collect information on the market, peer market, and parent market. Validation of these findings and assumptions with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation procedures have been used to estimate the market size of each segment and subsegment.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information for this study. Secondary sources include government sources, corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and professional associations. The secondary data has been collected and analyzed to arrive at the overall market size, which has been validated further through primary research.

Primary Research

The power bank market comprises several stakeholders, such as associations and industrial bodies, pneumatic system manufacturers, pneumatic system distributors and providers, manufacturers, research organizations and consulting companies, and technology investors. Extensive primary research has been conducted after understanding and analyzing the power bank market through secondary research. Several primary interviews have been conducted with market experts from both the demand- and supply-side vendors from across four regions—North America, Europe, APAC, and RoW. Approximately 20% of the primary interviews have been conducted with the demand side and 80% with the supply side. This primary data has been collected through questionnaires, emails, and telephonic interviews.

Power Bank Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the power bank market. These methods have also been used extensively to estimate the size of various subsegments in the market. The following method has been used to estimate the market size:

Bottom-Up:

  • Initially, a list of more than 25 companies offering power banks was identified. Their offerings were mapped based on battery type, unit of USB port, indicator, capacity, and applications.
  • The power bank market is at its initial stage of commercialization. As of now, only a few companies have commercialized their power banks.
  • After understanding the basic difference between various technologies of the power bank, based on the data gathered through primary and secondary sources, the power banks were categorized into different types.
  • The global power bank market was derived through the data sanity method. For each battery type, i.e., lithium-ion and lithium-polymer, the revenues of respective providers were analyzed through annual reports and press releases and summed to derive the overall market.
  • For each company, a percentage is assigned to their overall revenue or in some cases, segmental revenue to derive their income from the power bank. The percentage for each company is assigned based on the company’s product portfolio and its range of power bank offerings.
  • For the projected market values, the Y-o-Y was set to show a slow or steady growth initially till the year 2019 and a sharp upward slope after that, considering the commercialization of these batteries by various manufacturers.
  • For the CAGR, the market trend analysis of power bank was carried out by understanding the industry penetration rate, and the demand and supply of power banks for different end-use industries.
  • Further, the average selling price (ASP) of power bank types were identified based on secondary sources and validated from primaries. From the primaries and internal analysis, the shipment of power banks was calculated.
  • The estimates at every level were verified and crosschecked by discussing with key opinion leaders, including CXOs, directors, and operation managers, and with domain experts in MarketsandMarkets.
  • Various paid and unpaid information sources such as annual reports, press releases, white papers, and databases were studied.

Top-Down:

  • The global market size of power bank was estimated through data sanity of 25 major companies.
  • The growth of the power bank market has observed an upward slope trend during the studied period, as it is currently in the initial stage of the product cycle, with major players beginning to expand their market into various application areas.
  • Types of power banks, their features and properties, geographic presence, and key applications served by all players in the power bank market were studied to estimate and arrive at the percentage split of the segments.
  • Different types of power banks and their penetration for end-use applications that use or are expected to implement power banks in the near future were identified.
  • The market split for power bank by capacity, unit of USB port and battery type based on secondary research was estimated.
  • The demand generated by companies operating in different application segments of the end-use application was analyzed.
  • Ongoing and upcoming projects pertaining to the implementation of power banks by end-use applications were tracked, and the market size was forecasted based on these developments and other critical parameters.
  • Multiple discussions with key opinion leaders across major companies involved in the development of power bank and related components were conducted to validate the market split of individual capacity, unit of USB port, battery type, and applications.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To define and forecast the power bank market, in terms of value, by battery type, capacity, unit of USB port, indicator, and application
  • To describe and forecast the power bank market, in terms of value, by region—North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW), along with their respective countries
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
  • To study the complete value chain of the power bank market
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments of the power bank ecosystem
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with a detailed competitive landscape for market leaders
  • To analyze strategic approaches such as product launches, acquisitions, collaborations, contracts, agreements, expansions, and partnerships in the power bank market.

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of a company. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to 10)
Report Code
SE 3634
Published ON
Oct, 2019
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